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28715495
28715496

1080 S Main St, Farmerville, LA 71241

MW
GA 395778
Avison Young - Atlanta
IH
GA 420644
Avison Young - Atlanta
Avison Young
SH
GA 382113
Avison Young - Atlanta
Listed by Avison Young - Atlanta, Avison Young
$559,000
185 days on market
Updated 48 days ago

Dollar General

Details
Property Type Retail
Sub Type Storefront
Square Footage 8,000
Cap Rate 7.4%
NOI $41,340
Brand/Tenant Dollar General
Price per SqFt $70
Year Built 2002
Acreage 15.000
Investment Type Net Lease
Occupancy Date 12/31/2002

Retail | 7.40% CAP | 8,000 SqFt

Marketing description

INVESTMENT GRADE CORPORATE GUARANTY (S&P: BBB/STABLE)
The Lease is corporately guaranteed by Dollar General Corporation, which carries an investment grade credit rating of BBB/Stable by S&P Global Ratings. For FY2024, Dollar General reported total sales of $38.7 billion and net income of $1.7 billion.

LOW RENT
With an NOI of only $41,340 ($5 PSF), this is one of the most affordable Dollar General rents on market.

NO DEFERRED MAINTENANCE
With two HVAC systems replaced in 2025 and a third replaced in 2023, investors can underwrite minimal capital expenses.

22-YEAR OPERATING HISTORY, RECENT LEASE EXTENSION
Dollar General has been operating at this location since 2003 and recently executed a five (5) year early extension, demonstrating their commitment to and success at the site.

LIMITED LANDLORD RESPONSIBILITIES WITH PROFITABLE ARBITRAGE
The lease features limited landlord responsibilities. The Tenant pays $225/month for parking lot expense reimbursement which averages ~$180/month, providing the landlord with an additional $540 per year.

ADJACENT TO LAKE D’ARBONNE - NATIONALLY RECOGNIZED FISHING DESTINATION
The Property is located at the base of Lake D’Arbonne, a 15,250-acre lake with a 655-acre state park. The lake has become known for its year-round tourism, boasting a variety of attractions and activities including five fishing piers, camping sites, tennis courts, swimming pools, water skiing areas, and numerous trails for biking. A major contributor to the area’s economy, Lake D’Arbonne, attracts 60,000+ outdoor enthusiasts annually and provides Dollar General with a large consumer base.

Investment highlights

  • Recent early extension

  • Low rent of $41K

  • Brand new HVAC

  • Investment grade corporate guaranty

Listing Contacts

MW
GA 395778
Avison Young - Atlanta
IH
GA 420644
Avison Young - Atlanta
Avison Young
SH
GA 382113
Avison Young - Atlanta
Listed by Avison Young - Atlanta, Avison Young

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$41,340.00
$3,445.00/mo

Valuation Metrics

0
DSCR
7.4%
Cap Rate
7.4%
ROI

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